Business news from Ukraine

Business news from Ukraine

“Forests of Ukraine” registered rights to 1,600 hectares of natural forests at beginning of 2026

Since the beginning of 2026, the state-owned enterprise “Forests of Ukraine” has registered property rights to 1,600 hectares of natural forests and reserve lands for forestry purposes, the press service of the state-owned enterprise reported on its Telegram channel.

According to the report, these are self-forested areas that previously belonged to communities or local administrations but did not have official status and were not in use.

The largest areas of land were registered by the branches of the Polissya Forest Office (611 hectares in Rivne region) and the Central Forest Office (681 hectares in Cherkasy region).

“In the first two months of the year, the company submitted applications for another 4,700 hectares, of which more than 2,000 hectares have already received positive decisions,” the State Forestry Agency of Ukraine clarified.

The state-owned enterprise reminded that after the approval of land management documentation, the plots are transferred to the enterprise for permanent use with the corresponding registration of rights.

As reported, Ukraine has about 2 million hectares of self-forested areas that have emerged naturally on abandoned agricultural land, but the procedure for transferring them to the Forest Fund remains complicated. According to Law No. 5650, the recognition of a plot as a forest requires the voluntary consent of communities, which often prefer to lease these lands to agricultural producers for plowing in order to obtain quick tax revenues.

The State Enterprise “Forests of Ukraine” emphasized that without official registration with the state enterprise, self-grown forests remain without proper care and fire protection. The registration of property rights makes it possible to include these areas in the state monitoring system and prevent their destruction through the economic activities of private individuals and communities.

By the end of 2024, communities had transferred 24,600 hectares of such land to state ownership, and in 2025, rights were formalized for another 9,500 hectares, of which 2,500 hectares were self-seeded forests.

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PRESIDENT OF UKRAINE ZELENSKY SELLS RIGHTS TO ALL ENTERPRISES IN UKRAINE TO SERHIY SHEFIR

In 2019, the family of President of Ukraine Volodymyr Zelensky sold the UAH 246,144 worth corporate rights to all 12 Ukrainian enterprises to the family of first assistant to the head of state Serhiy Shefir.
“In the spring of 2019, Volodymyr Zelensky got rid of the shares in Green Family Ltd, as well as all four brand names registered in the Russian Federation. He also got rid of corporate rights to Vilhar Holdings Limited and Aldorante Limited foreign companies,” the president’s press service said on Saturday, May 30.
Zelensky continues to be the owner of a large number of trademarks. Thus, in 2019, two Sluha Narodu trademarks (the Servant of the People) were registered in his name.
PricewaterhouseCoopers (PwC) evaluated several trademarks in 2019. According to its report, the cost of Vechirniy Kvartal (Evening Quarter) brand name was UAH 45.81 million. The cost of Rozsmishy Komika (Make Comedian Laugh) brand name was UAH 14.65 million.
“Based on the assessment, Volodymyr Zelensky received royalties from the use of the brand names in the amount of UAH 5.048 million, so his income increased compared to the previous year,” the president’s press service said.
Some UAH 567,875 was spent to pay for consulting services of PwC.
According to the declaration of the presidential candidate of Ukraine submitted by Zelensky in January 2019, at that time he owned 99.99% of the corporate rights to Studio Kvartal-95 LLC (another 0.01% was owned by Olena Zelenska), some 18% to Studio Kvartal-95 LLC, some 100% of the corporate rights to Kinokvartal LLC, some 18.75% to Kvartal-Concert LLC, some 12.5% to Kvartal TV LLC, some 16.7% to producer center Liha Smihu LLC, and some 22.5% to Animation Studio-95 LLC.
He also owned 12.5% of Invest-Anima LLC, some 13% of Gaudi Studio LLC, and some 15% of Fish House LLC (restaurant business).
Olena Zelenska owned another 25% of Zelari Fish LLC (processing and preserving, trade in fish, crustaceans and mollusks).
Zelensky was the ultimate beneficial owner of Kinokvartal LLC, Studio Kvartal-95 LLC, Aldorante Limited (Cyprus), Vilhar Holdings Limited (Cyprus), Film Heritage Inc. (Belize), San Tommaso S.R.L. (Italy), and Megiritano Ventures Ltd (British Virgin Islands).
Olena Zelenska was the ultimate beneficiary of Studio Kvartal-95 LLC, Zelari Fish LLC, Aldorante Limited (Cyprus), Film Heritage Inc. (Belize), and San Tommaso S.R.L. (Italy).
Since 2012 Zelensky had been a shareholder of Megiritano Ventures Ltd (British Virgin Islands) and, together with his wife, they were shareholders of Aldorante Limited (Cyprus), since 2008, he had been a shareholder of Vilhar Holdings Limited (Cyprus).
Later he also filled the declaration with information that since May 28, 2012 he had been a shareholder of Green Family Ltd (Nicosia, Cyprus), which at that time owned the Russian company Green Films. There was information on January 24, 2019 that Zelensky withdrew from Green Family Ltd.

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